Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

First Hi-tec Enterprise Co., Ltd. (5439.TWO)

Company Dividend Discount ModelIndustry: Hardware, Equipment & PartsSector: Technology

Valuation Snapshot

Stable Growth$378.42 - $1,047.80$981.94
Multi-Stage$150.90 - $164.91$157.78
Blended Fair Value$569.86
Current Price$238.50
Upside138.94%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS9.63%12.54%4.103.303.602.312.132.591.851.681.261.34
YoY Growth--24.24%-8.33%55.72%8.70%-17.86%40.00%10.26%33.33%-6.25%6.67%
Dividend Yield--2.32%2.64%5.39%4.17%3.35%8.05%3.58%4.07%4.16%6.67%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)490.12
(-) Cash Dividends Paid (M)381.20
(=) Cash Retained (M)108.92
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)98.0261.2636.76
Cash Retained (M)108.92108.92108.92
(-) Cash Required (M)-98.02-61.26-36.76
(=) Excess Retained (M)10.8947.6572.16
(/) Shares Outstanding (M)93.0393.0393.03
(=) Excess Retained per Share0.120.510.78
LTM Dividend per Share4.104.104.10
(+) Excess Retained per Share0.120.510.78
(=) Adjusted Dividend4.214.614.87
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Fair Value$378.42$981.94$1,047.80
Upside / Downside58.66%311.72%339.33%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)490.12521.98555.91592.04630.52671.51691.65
Payout Ratio77.78%80.22%82.67%85.11%87.56%90.00%92.50%
Projected Dividends (M)381.20418.74459.55503.89552.06604.35639.78

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.68%6.68%6.68%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)388.85392.54396.22
Year 2 PV (M)396.29403.83411.45
Year 3 PV (M)403.51415.09426.90
Year 4 PV (M)410.53426.32442.55
Year 5 PV (M)417.34437.50458.43
PV of Terminal Value (M)12,021.5112,602.1613,205.02
Equity Value (M)14,038.0314,677.4415,340.58
Shares Outstanding (M)93.0393.0393.03
Fair Value$150.90$157.78$164.91
Upside / Downside-36.73%-33.85%-30.86%

High-Yield Dividend Screener

« Prev Page 16 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
0ELV.LGuerbet S.A.7.06%$1.0131.15%
215000.KQGOLFZON Co., Ltd.7.05%$3,999.3763.09%
HLAG.DEHapag-Lloyd AG7.05%$8.2861.62%
XVALO.MCVale S.A.7.05%$0.8162.96%
0GN6.LArgan S.A.7.04%$4.6130.62%
RIGD.ILReliance Industries Limited7.04%$5.008.14%
600098.SSGuangzhou Development Group Incorporated7.03%$0.4669.93%
SORKON.BKS. Khonkaen Foods Public Company Limited7.03%$0.2571.33%
Z74.SISingapore Telecommunications Limited7.03%$0.3287.72%
603995.SSYongjin Technology Group Co., Ltd.7.02%$1.2769.10%
6671.TWSan Neng Group Holdings Co., Ltd.7.02%$2.5194.63%
KPN.ASKoninklijke KPN N.V.7.02%$0.2869.30%
NNCL.BKNava Nakorn Public Company Limited7.02%$0.1182.26%
TEGH.BKThai Eastern Group Holdings Public Company Limited7.02%$0.2137.13%
ASTAK.ATAlpha Real Estate S.a.7.01%$0.5252.38%
INETREIT.BKINET Freehold and Leasehold Real Estate Investment Trust7.01%$0.8045.08%
ABTG.MIAlfio Bardolla Training Group S.p.A.7.00%$0.1235.81%
MMB.PALagardere S.A.7.00%$1.3164.26%
0010.HKHang Lung Group Limited6.99%$1.0742.37%
0RP0.LTikehau Capital6.99%$1.1166.15%
1066.HKShandong Weigao Group Medical Polymer Company Limited6.99%$0.3541.33%
CAT31.PACaisse Regionale de Credit Agricole Mutuel Toulouse 316.99%$7.4918.27%
037710.KSGwangju Shinsegae. Co. ,Ltd.6.98%$2,199.7640.80%
AP-R.BKAP (Thailand) Public Company Limited6.98%$0.6040.92%
EASON.BKEason & Co Public Company Limited6.97%$0.0860.98%
KENKenon Holdings Ltd.6.97%$4.7154.85%
015860.KSILJIN Holdings Co., Ltd.6.96%$474.0952.60%
3808.HKSinotruk (Hong Kong) Limited6.96%$1.9343.31%
603801.SSZbom Home Collection Co.,Ltd6.96%$0.6494.30%
WOMF.JKPT Wahana Ottomitra Multiartha Tbk6.96%$22.5631.36%
601225.SSShaanxi Coal Industry Company Limited6.95%$1.4875.05%
LOG.MCLogista Integral, S.A.6.95%$2.0980.25%
VCX.AXVicinity Centres6.95%$0.1852.81%
0QME.LOrell Füssli AG6.94%$8.3058.10%
3470.TMarimo Regional Revitalization REIT, Inc.6.94%$7,579.0662.91%
ARROW.BKArrow Syndicate Public Company Limited6.93%$0.3569.42%
003690.KSKorean Reinsurance Company6.92%$797.5138.80%
3279.TActivia Properties Inc.6.92%$9,742.1289.07%
IL0A.IRPermanent TSB Group Holdings plc6.92%$0.1639.09%
S41.SIHong Leong Finance Limited6.92%$0.1875.53%
SECURITY.SNGrupo Security S.A.6.92%$23.1197.85%
2377.HKChina Boqi Environmental (Holding) Co., Ltd.6.91%$0.0712.31%
601991.SSDatang International Power Generation Co., Ltd.6.91%$0.2465.75%
ALPJT.PAPoujoulat S.A.6.91%$0.5236.16%
AZM.MIAzimut Holding S.p.A.6.91%$2.4771.18%
PPF.BKPinthong Industrial Park Property Fund6.91%$0.7581.09%
BOLSAA.MXBolsa Mexicana de Valores, S.A.B. de C.V.6.90%$2.5984.50%
HYDRA.ASHydratec Industries N.V.6.90%$12.0839.09%
0O6D.LMiquel y Costas & Miquel, S.A.6.89%$1.0041.40%
0QO6.LJulius Bär Gruppe AG6.89%$3.9199.57%